In this class, we break down the fundamentals of accounting and how they directly apply to the modern banking system. The focus is on connecting core accounting principles to real banking activity, so you can see exactly how transactions are recorded, how loans function on a ledger, and how money is tracked within the system.
What You’ll Learn:
The basics of double-entry accounting (debits and credits)
How banks record transactions on their internal ledgers
Step-by-step breakdown of how loans are created and reflected in accounting entries
A detailed example of credit creation in relation to loans, showing how money is created on the books
How money is tracked, moved, and balanced within the banking system
How to read and understand basic financial/accounting records
How to request accounting records related to your accounts and loans
How to apply accounting knowledge to real-world banking situations
This replay is designed to bridge the gap between theory and application, giving you a clear understanding of how money is created, recorded, and leveraged so you can actually use this knowledge in practice.
In this class, we break down the fundamentals of accounting and how they directly apply to the modern banking system. The focus is on connecting core accounting principles to real banking activity, so you can see exactly how transactions are recorded, how loans function on a ledger, and how money is tracked within the system.
What You’ll Learn:
The basics of double-entry accounting (debits and credits)
How banks record transactions on their internal ledgers
Step-by-step breakdown of how loans are created and reflected in accounting entries
A detailed example of credit creation in relation to loans, showing how money is created on the books
How money is tracked, moved, and balanced within the banking system
How to read and understand basic financial/accounting records
How to request accounting records related to your accounts and loans
How to apply accounting knowledge to real-world banking situations
This replay is designed to bridge the gap between theory and application, giving you a clear understanding of how money is created, recorded, and leveraged so you can actually use this knowledge in practice.